November 2, 2020 7 winners, 7 losers Today's notes: Pay attention to buy/sell buttons. Don't enter when 50 MA is merging with 9/20 EMA? Wait for pullback to 9 EMA (1 min) Don't exit trade early Take profit at highs Don't enter when 1 min very choppy
November 3, 2020 6 winners, 2 losers I believe I'm starting to notice some improvement. I seem to be sticking to my rules better (waiting for the right setups and not chasing) and having less execution mistakes. Today's notes: Don't enter too early, wait for pullback
November 4, 2020 6 winners, 2 losers Today's notes: Don't enter with strong resistance overhead (50 & 200 MA) Don't enter overextended from 9 EMA (1 min) Don't enter early, wait for pullback to 9 EMA
November 5, 2020 3 winners, 2 losers Today's notes: Wait for pullback to 9 EMA (1 min) Watch for overhead resistance Take profit
November 6, 2020 4 winners, 5 losers Don't enter after large red candle? Don't make stop loss too tight. Be careful entering after large bearish candle with high volume.
November 9, 2020 4 winners, 9 losers Today's notes: Take profit Don't enter with strong overhead resistance Wait for pullback to enter
November 10, 2020 4 winners, 2 losers I've realized there are two scenarios that would benefit me if I were to use a scale-in approach rather than entering with a full position: 1. Breakout pullbacks - I don't know how far the pullback will go. Sometimes it makes it to the 9 EMA and bounces, but sometimes it just pulls back slightly and continues to rip without coming close to the EMA. The idea is to buy in partially on an initial pullback and then add to full position with confirmation- either it doesn't pullback much further and I add on the fast second breakout, or it continues to pull back to an EMA and I add on the bounce. 2. When price action shows a tendency to break slighly below the EMAs but come back to continue the trend. In this case I'll buy in partially with a bigger stop loss and add in for a pull position with confirmation. Feedback on these two ideas would be appreciated! Today's notes: With pullback entries, enter partial position, increase position with confirmation Don't ORB on daily gap down Be careful with chop. If tendency to dip below EMAs, enter w/small position, give more wiggle room, add to position with confirmation. Take profit
November 11, 2020 3 winners, 5 losers It seems I gave in to FOMO on a couple trades today. I have a question about moving average crossovers if anyone would be so kind as to help me. It's regarding my first trade with CGC. The 200 MA was rising up to meet the 9/20/50 MAs and I took that as a bullish sign that could potentially result in an upward trend continuation due to the strong upward-moving 200 MA support. Please take a look at the behavior of the MAs on the various time frames and let me know how you would interpret them. Today's notes: Don't enter overextended. Wait for pullback. Be careful entering after large bullish candle. Be careful with overhead resistance. Be careful with chop. Set stop loss below lower trend line rather than MAs. Don't chase. Enter partial before confirmation of trend continuation. Put stop loss below consolidation range low.
November 12, 2020 4 winners, 2 losers Today's notes: Improve profit-taking strategy. Avoid choppy price action.
November 13, 2020 1 winner, 4 losers Today's notes: Don't enter overextended Enter full position when entering after pullback Stick to stop loss Don't average down